Over the past week, the cryptocurrency market has continued to climb higher as more bullish momentum grows. Bonk ($BONK) has been one of the stand-out performers, rallying by more than 45% to recover lost grounds. Based on technical indicators, $BONK could even look to extend its gains, making one of the best meme coins to buy.
Another altcoin that has caught the attention of the crypto community is Galaxy Fox ($GFOX). With its launch date nearer than ever, there has been a surge of interest from investors, helping the project raise over $3.3 million. Read on to find out why $GFOX is one of the top altcoins to watch in the coming weeks.
What you'll learn 👉
Bonk ($BONK) Surges 45%, Looks To Extend Gains
In 2023, Bonk ($BONK) was one of the best meme coins to buy, as it gained more than 7,000%. While Bonk failed to replicate this such performance in January 2024, things are already beginning to look different for the Solana-based meme coin.
With a parabolic price surge, $BONK took advantage of the upswing in the cryptocurrency market. From $0.000009700, the annual low, Bonk’s price climbed by a staggering 45%. Nevertheless, $BONK has retraced back to the $0.00001200 region following the formation of a weekly high at $0.00001400.
The meme currency may form higher highs in the next few days, according to Bonk’s increasing OBV and OI. Furthermore, the 50 SMA (Simple Moving Average) at $0.00001251 points to potential increases, making this a perfect time to make a long-term investment.
According to market analyst Crypto Nabi, there could be a surge to $0.000015107, which would make $BONK one of the best meme coins to buy right now. In order for this action to take place, $BONK would have to protect its $0.00001200 and $0.0000100 support levels.
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Show more +Galaxy Fox ($GFOX) Builds Momentum Ahead of Launch
Just like $BONK, Galaxy Fox ($GFOX) has been building a head of steam ahead of its launch. The ERC20 coin has outperformed the crypto market in the past few weeks, gaining over 200% to set a new high at $0.002178. While its price gains have attracted attention, it is the launch of its next-gen meme coin ecosystem that has drawn more investors.
Galaxy Fox has built a lot of excitement since its inception, because of its primary goal of resolving issues that have hindered the widespread acceptance of meme coins. Although memecoins are often criticized for being without much utility, Galaxy Fox has solved this problem by creating a blockchain-based game ecosystem.
Playing through a variety of immersive virtual environments, players will go on exciting adventures and complete missions in this immersive for massive rewards. Every player will start this exciting adventure with their own unique fox NFT character.
Some of the top NFTs to buy may also be found at Galaxy Fox. These NFTs are instantly incorporated into the game, acting as power-ups and improving the overall gaming experience. This exciting ecosystem is ready to launch in the coming days, exciting the crypto community.
The highly anticipated launch has fuelled the massive acquisition of $GFOX tokens. As this accumulation continues, crypto experts have forecasted a massive 50x surge for $GFOX. Making it one of the best altcoins to buy now.
Closing Thoughts
Although the recent parabolic rise makes $BONK one of the best meme coins to buy, it looks set to be outperformed by the upcoming Galaxy Fox. As a project strategically placed in two crypto sectors, $GFOX could easily become the best cryptocurrency investment of 2024.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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